SEOUL, April 23 (Korea Bizwire) — Samsung Biologics Co., the biotech arm of South Korea’s Samsung Group, said Wednesday its first-quarter net profit more than doubled from a year earlier, driven by expanded production and a weaker won. Net profit for the three months ended March surged to 375.6 billion won (US$263.9 million), up from [...]
SEOUL, April 23 (Korea Bizwire) – Eleven years have passed since a ferry slipped beneath the waves off South Korea’s southwestern coast, claiming 304 lives — mostly high school students bound for Jeju Island on a field trip that was never meant to end in sorrow. On an otherwise unremarkable Wednesday morning, the slow descent [...]
SEOUL, April 23 (Korea Bizwire) – Lee Jung-hoo of the San Francisco Giants has padded his team lead in runs scored, though he failed to capitalize on scoring opportunities in a loss to the Milwaukee Brewers at home. Lee batted 1-for-4 with a run, a walk and a strikeout, as the Giants fell to the [...]
SEOUL, April 23, (Korea Bizwire) — For the first time, women working at South Korea’s top 500 companies earned more than 70 percent of what their male counterparts make, according to a new report signaling slow but steady progress in narrowing the corporate gender pay gap. The report, released April 22, 2025, by corporate analysis [...]
DAEJEON, April 23, (Korea Bizwire) — Exposure to microplastics in soil can impair the immune function of soil-dwelling organisms, according to new research published by a South Korean team, marking the first study to link microplastic contamination with reduced immune activity in earthworms. On April 22, 2025, the National Research Foundation of Korea announced that [...]
SEOUL, April 23, (Korea Bizwire) — Nearly one-third of insurance policies in South Korea are canceled within two years, with long-term contract retention rates significantly trailing those of major global markets, according to a report released April 22, 2025, by the Financial Supervisory Service (FSS). The report, titled “2024 Insurance Sales Channel Performance and Supervision [...]
DAEJEON, April 23, (Korea Bizwire) — South Korean researchers have developed a breakthrough artificial intelligence model that selectively processes visual information much like the human brain, significantly enhancing image recognition capabilities. Announced on April 22, 2025, by the Institute for Basic Science (IBS), the innovation comes from a joint effort between the IBS Center for [...]
SEOUL, April 22, (Korea Bizwire) — LG Electronics is pulling out of the electric vehicle (EV) charging solutions market just three years after entering the sector, citing prolonged demand stagnation and intensified price competition. The move comes as part of a broader strategic restructuring aimed at concentrating on more resilient and scalable businesses. In a [...]
SEOUL, April 22 (Korea Bizwire) — A Chinese youth delegation has visited South Korea for the first time in six years as part of a bilateral exchange program, Seoul’s foreign ministry said Tuesday. A 53-member delegation arrived in South Korea on Monday for a six-day stay, during which they were to participate in various cultural [...]
Report highlights implementation of responsible sourcing framework, including the assessment of 844 suppliers, as well as progress on other sustainability efforts ARLINGTON, Va., April 22, 2025 (Korea Bizwire) — Fluence Energy, Inc. (“Fluence”) (NASDAQ: FLNC), a global market leader delivering intelligent energy storage, services, and asset optimization software, today released its fiscal year 2024 Sustainability [...]